Legal & General Group Plc Acquires 86,491 Shares of Genius Sports Limited $GENI

Legal & General Group Plc grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,040 shares of the company’s stock after buying an additional 86,491 shares during the quarter. Legal & General Group Plc’s holdings in Genius Sports were worth $6,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GENI. Aster Capital Management DIFC Ltd bought a new stake in Genius Sports during the 3rd quarter worth about $65,000. Bessemer Group Inc. lifted its position in Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Genius Sports by 72.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after purchasing an additional 4,477 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Genius Sports during the 2nd quarter worth approximately $112,000. Finally, Victory Financial Group LLC acquired a new position in shares of Genius Sports during the 4th quarter worth approximately $113,000. 81.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Roth Mkm set a $10.00 price target on Genius Sports in a research report on Friday, May 8th. BTIG Research lowered their price target on Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Needham & Company LLC lowered their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Oppenheimer lowered their price target on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.68.

Genius Sports Price Performance

Genius Sports stock opened at $5.91 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of -9.68 and a beta of 1.90. The company’s 50-day moving average is $4.76 and its 200-day moving average is $7.16. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The firm had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. As a group, analysts expect that Genius Sports Limited will post -0.12 EPS for the current year.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.